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20121202
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to a kr credible location. >> and the obama administration is saying what the united nations did unilaterally was a setback. do you agree with that? the body i represent is split. some people are in favor of the u.s. vote. the truth of it, the only thing that will work to deliver a palestinian state side-by-side with a secure state of israel is peace. as you can see we have a chance now. the president has been re-elected. i know he's deeply personally committed to this and we just have to regrip it, i'm afraid. >> what's gone wrong? >> it's partly because there's so much turmoil in the region right now. it's how each side views its own prospects. >> how would you characterize a credible negotiation given the fact as long as we've been alive there's been these problems that keep erupting and never, ever get solved? we've been trying for 20, 30 years. it was 50, 60 years before we got one that worked. and actually back in the year 2000, and again in 2008, you have no option in the end. the only thing that works is to make it credible if we shape the negotiations. give it some shape
lighting, president obama joined the holiday mood. but earlier, visiting a middle class virginia family, he threatened that congress could ruin the christmas season. if it doesn't act, the administration says, middle class tax bills will increase by $2,000. >> we're in the midst of the christmas season. i think the american people are counting on this getting solved. the closer it gets to the brink, the more stress there is going to be. >> reporter: what may raise the stress level even further is the promise that both the president and treasury secretary geithner has made. that is, if tax rates don't rise for top earners, there will be no deal. >> i'm not going to sign any taxes that somehow prevents the top rates from going up for folks at the top 2%. >> if that happens, if there's no agreement, economist mark zandi told a congressional hearing it would be bad news. >> if we go over the cliff and there's no change after that, we hit the gdp in 2013 will be 3.5 percentage points. the economy is growing two percentage point. subtract 3 1/2 and that is a severe recession. >> reporter: republi
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